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As I stated, Key money in soi 4 is paid annually and the amount depends on how many shop house widths you rent. ALSO leases (and key money are ANNUAL and renewable at New Year.

Not sure why I didn't just Google it too 🤷‍♂️ Here is a post that's informative, along with all the other ones I saw.... so one of the unknowns is, how much longer left on the rental/lease contract....🤔   This is only relevant for tourist areas and a lot less for other areas. Try asking for a receipt for the keymoney in a tourist area. The landlord will laugh in your face. Tax is what he wants to avoid hence the 3 year contracts and keymoney. I know cases where the keymoney was the killer for the company after 3 years hard work. Be prepared to lose it all with only a 3 year contract. If you get an extension and with the same condition, you found a good landlord. If not .. TiT. Keymoney is an asset, one that gets smaller quickly with time. As such it is not worth anything to a business that wants to run longer than the rental contract. It is not an asset, it is a RISK! If you work hard and get a lot of return customers, which normally is a growing asset (goodwill), it will be worth nothing with a short lease contract. And i assume nobody wants to work hard and build a business and have the risk of losing it all because the landlord raises the keymoney to unpayable heights together with a large increase in the monthly rent. When you don't have a long contract, wait until the landlord has some personal problems, like a gambling debt or some new business that needs money quick. Don't let the landlords personal problems be your problems. Cover it in a contract and a long lease. If the landlord wants to cover the risk of the tenant running away, a larger deposit is a much better way. I'll give an example. Rent 10.000, 300.000 keymoney for a 3 year contract, 1 months rent in advance and 2 months deposit. You will have to pay 300.000 + 10.000 + 20.000 = 330.000 at the start of the contract. Instead offer 20.000 baht a month rent, no keymoney, 6 months rent in advance and 2 months deposit. Total at the start 180.000 baht. And try to go for a contract of at least 10 years. Then your hard work maybe pay off and you have some real assets to sell if you want to. This way you have 150.000 available for starting the business and half year time to pay the next 6 months rent. A much easier start and everything in the books for tax purposes. If the landlord is not interested, why should you be in the keymoney and 3 year contract case. Offering this is a good solution in the middle. I just suggest this because the OP wants to start a restaurant in a tourist spot, hardly comparable with a big mall or predominantly thai/thai business.

And London.

I went to Circus last night. Didn't recognise any of the staff, no Pao. Poor service, and fairly empty. Pride, across the street much busier.

According to Google:- Key money in Thailand can be legal, but it's not always clear what it is or how it's calculated. It's often demanded in cash, and landlords may not declare it to the tax authorities.